What Bank of Canada was thinking when it held rates on Dec. 6, 2023
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Recent global economic developments were top of mind in governing council’s decision to hold rate at 5%
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The Bank of Canada held its key overnight rate at five per cent on Dec. 6, a move that was widely expected by economists and markets. On Dec. 20, the central bank released a summary of the deliberations that led to that monetary policy decision. Here are five things the governing council said affected the decision:
The global economy is cooling faster than the U.S.
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Denise Paglinawan
2023-12-20 17:35:01
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